TODAY FREE FOREX SIGNALS NZDJPY

TODAY FREE FOREX SIGNALS NZDJPY

NZD/JPY has shown a decisive close above 200-DMA at 80.06 on Wednesday’s trade, further upside on cards.
Price action was rejected at lows on the day, the pair has held above 5-DMA at 80.16.
The ‘Bullish Cypher’ pattern formed on daily charts keeps scope for upside.
Technical studies have turned bullish , Stochs have shown a rollover from oversold levels.
Weekly 20-DMA is strong support at 79.67, we see weakness only on break below.
The pair failed to close below weekly 20-SMA in the previous week and is holding above in this week’s trade.